Another Government Program to Help Underwater Home Owners

The “Hardest Hit” Fund is a new government program designed to help states that are suffering from the largest drop in home values.  Nevada is one of those states and its share of the fund is $103,000,000.  The fund is designed to help 5,000 homeowners, according to Lon DeWeese, Nevada Housing Division.  Eligible applicants will receive about $20,600. […]

Bankruptcy FAQ

 1.         What is a Chapter 7 bankruptcy and/or a Chapter 13 bankruptcy? Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In […]